Prevailing taxes paid ech year and cowpounded similarly would amount to about

six dollars. 
 
     Thus, the invested coL~ts with compound interest amount to twenty-seven

dollars and twenty cents, leaving forty dlooars and thirty cents profit per

acre. Fire protection is iurniahea by the state but perhaps and additional

cost for insurance should be included to offset the loss on any particular

fire.   Experience would indicEte that Liss than one per cent per acre per

year would be sufficient prenriium. Some additional allowance might be made

for fir. prevention expenditures. 
 
     On a lumoer oasis the result is similar, althouh the period is longer

and the return hither.   It is very probaole, however, that the trees plant-

ed today will be used for other things besides lumoer and papei. Rayon 
textiles begin with the trees. So do many plastics and a good many other

thing-s still in the laooratory. Ihis points to the eco- owy of the future

for as we consume our non-replenishable resources we m, t rely more heavily

on the replenishaole. 
 
     The simple fact, supporteJ Oy the ajove, is that   r much of 1i4sconsin

and especially much of Central ;.isconsin there .         never has been

a more orofitaile crop th&n its foressc. another ac       that orivate

investment has not and will not do the entir   ob of ref    tation and main-

tain a profit economy whose foundation s        i iuui use   replenishaole

resources. Forestry differs from both a     ult  e and industry because of

the length of time involved awaiting t    eturn   restry, themfore, must

be considered differently. The fores     op lp   as desirned to encourage

forest aKriculture by private investmeri  ut    has not stimulated to any

considerable degree the actual planting       r ofit oasis. The forest 
crop law has been little used pr ,     .ý        has a negatiue effect
on 
other uses but not necessarily     s      e    t on reforestation and forest

*jiculture.    neither devic    n less   the   ng period of waiting the 
return. Since forest ajricul   re canno   dapt itself to our economics, 
the economics must be adapte   o forest j 
 
     This e rTicle is written t  romo organization to begin on a larger 
scale the forest gri         bu        n a -orofit basis and to stiiulate

forestry as an L1ve   ent and to relieve he counties of the burden of idle

and semi-idle tax    in qu ent nds. 
 
     It is 1, opose'. Itlat a qu :i-puolic corporation 'be formad, corporate
in 
structure and non-s   k in ,' acter, authorized cy legislative resolution

or enaoling action o           of the state to permit counties involved to

form a corporation to o   nase and lease lands in the area unsuited to an-

nual crop agriculture, and to utilize these lands in accordance with the

most econom.qic utilization. The corporations policy would be determined
by the 
directors, c)nsisting, of one from each of the counties participating and

each elected by the respective county boards. 
 
     The counties presumably would choose to elect as directors taeir county

foressers if they have them, or a memoer of the fores-ury com.mittee, the

county agricultural a-ent or some other person who has a manifest interest

in the forestry problew. In addition to policy, the directors will create

and direct the adm±inistration's administrative structure which structure

should be miniital because the corporation should rely on the Nisconsin 
Conservation Department and the University of hisconsin for foresiry counsel,

fire protection, disease and insect control, the development of machinery

for under-lanting, existin- stands and so forth. It would seem that such
a 
corporation would be a logical recipient of surplus war materials, especially

of power movers for planting.   This would oe the literal moulding of weapons